Country
Senegal
Sector
Government / Sovereign Finance
Intelligence Type
Capital
Status / Stage
Active
Estimated Value
USD Million 750
Confidence
Confirmed
Latest Development
Senegal issued a $750 million Eurobond in June 2024 to support fiscal spending and infrastructure investment as it began its transition to an oil and gas producing nation. The issuance came shortly after first gas from the GTA LNG project and was oversubscribed — signalling investor confidence in Senegal’s hydrocarbon-backed fiscal outlook under President Faye.
Capital Details
Capital TypeBond
DateJune 2024
Investor / FinancierInternational bond market investors
Recipient / BorrowerGovernment of Senegal
Purpose of CapitalSovereign fiscal financing and infrastructure investment
Financing StructureDollar-denominated Eurobond. Issued as Senegal transitions to oil and gas producer (GTA LNG first gas 2025, Sangomar first oil June 2024).
Market Significance
Senegal's Eurobond at a pivotal moment — just as it became an oil and gas producer. Investor confidence reflected in oversubscription. Sets the scene for future Senegal hydrocarbon-backed sovereign borrowing.
Commercial Opportunity Intelligence
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)Reuters (June 2024); Bloomberg (June 2024); IMF Senegal
Source DateJune 2024